NSE: Investors’ passion for bank stocks pushes market value past N22trn

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The stocks rose 0.57 per cent.

rising to 42,169.41 index points, buoyed by investors appetite for bank equities, which equally lifted the banking index above other sectorial indices.in blue-chip equities including Stanbic, Julius Berger, Nigerian Breweries, GTB and ZenithMarket capitalisation advanced by N124.860 billion to N22.059 trillion at the end of trade.Portland Paint led gainers, appreciating by 10% to close at N3.19. Julius Berger added 9.95% to end today’s trade at N22.65. NPF Microfinance Bank went up by 9.

Transcorp was the most active stock with 76.178 million of its stocks worth N81.819 million traded in 236 deals. 75.906 million units of Union Bank shares priced at N432.799 million exchanged hands in 45 transactions. Zenith Bank had 35.226 million shares valued at N936.777 million traded in 442 deals. Dangote Sugar traded 31.676 million shares estimated at N660.278 million in 378 transactions. UACN traded 25.288 million shares valued at N203.864 million in 122 deals.

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